Global LaserVision Correction Market, by Procedure (LASIK (Laser Assisted In-SituKeratomileusis), PRK (Photo Refractive Keratectomy), SMILE (Small IncisionLenticule Extraction) and Others), by Type (Excimer Laser and FemtosecondLaser), By Therapeutic Application (Myopia, Hyperopia, Presbyopia, Astigmatism,Cataract, and Others), by End User (Hospitals, Specialty Clinics, andAmbulatory Surgical Centers), and by Region (North America, Latin America,Europe, Asia Pacific, Middle East, and Africa), is estimated to be valued atUS$ 5,201.3 million in 2020 and is expected to exhibit a CAGR of 7.9% duringthe forecast period (2020-2027), as highlighted in a new report published byCoherent Market Insights.
Researchers created a diagnostictool called Wavefront Technology in 1978 which permits doctors to build a 3Dmap of the eye. This highly advanced computer system allows surgeons todiagnose and create an accurate shape of the cornea based on the particulardegree of the refractive error. The precision of this procedure has reduced thelikelihood of optical aberrations such as glares and halos.
The Excimer Laser was created inthe late 1970s to assist surgeons in pinpointing the area of entry to thecenter of the cornea. The use of lasers has revolutionized eye surgeries bygaining greater safety with each procedure that takes place.
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The recent technologicaladvancements have allowed the Excimer Laser to penetrate the cornea and removetissue without burning or cutting the surrounding tissues. The laser’s lightcan assist with this process by removing small particles of the tissue whilereshaping the cornea and correcting the patient’s vision. This is accomplishedby allowing the Excimer Laser access deep inside the eye to repair the retinaback to properly focusing for clearer vision.
Technological advancements andaddition of new features are expected to boost growth of the laser visioncorrection market in the near future. In September 2019, Carl Zeiss medicaltechnology introduced its new technology for eye care and high-resolutionimaging at the European Society of Cataract and Refractive Surgery (ESCRS).This technology is expected to help the company develop advanced products andthereby increase its consumer base.
In April 2017, NIDEK launched theNAVEX Quest M2 NIDEK Advanced Vision Excimer Laser System that offers highlyreliable and accurate data for clinical diagnostics. This strategy hasbroadened the company’s product portfolio.
Browse 43 Market Data Tables and38 Figures spread through 198 Pages and in-depth TOC on Laser Vision CorrectionMarket, by Procedure (LASIK (Laser Assisted In-Situ Keratomileusis), PRK (PhotoRefractive Keratectomy), SMILE (Small Incision Lenticule Extraction) andOthers), by Type (Excimer Laser and Femtosecond Laser), By TherapeuticApplication (Myopia, Hyperopia, Presbyopia, Astigmatism, Cataract and Others),by End User (Hospitals, Specialty Clinics and Ambulatory Surgical Centers), andby Region (North America, Latin America, Europe, Asia Pacific, Middle East, andAfrica) - Forecast to 2027"
Browse ResearchReport: https://www.coherentmarketinsights.com/market-insight/laser-vision-correction-market-3996
Key Takeaways of the Laser VisionCorrection Market:
The global laser visioncorrection market is expected to exhibit a CAGR of 7.9% during the forecastperiod (2020-2027), owing to increasing technological advancements by keyplayers.
Among procedure type, the LASIK(Laser Assisted In-Situ Keratomileusis) segment is expected to hold a majorrevenue share in 2027 owing to the increasing prevalence of blindness andvision impairment, and initiatives taken research institutions. For instance,according to the World Health Organization report of 2019, around 2.2 billionpeople across the globe had vision impairment or blindness, of whom at least 1billion had vision impairment which could have been prevented or is yet to beaddressed.
Major players operating in theglobal Laser Vision Correction Market are Johnson & Johnson., AlconLaboratories, Inc., Nidek co., Ltd., Bausch Health Companies Inc., Carl ZeissMeditec AG, Ziemer Group AG, Schwind Eye-tech-solutions and Coherent Inc.
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CoherentMarket Insights is a prominent market research and consulting firm offeringaction-ready syndicated research reports, custom market analysis, consultingservices, and competitive analysis through various recommendations related toemerging market trends, technologies, and potential absolute dollaropportunity.
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